SIEMENS CMP 3320. TARGET 3378-3414 SL 3290. INTRADAY/POSITIONAL

SIEMENS CMP 3320. TARGET 3378-3414 SL 3290.

INTRADAY/POSITIONAL

The stock was changed its trend on upward as it started making higher high formation hopefully re-testing its first resistance of Rs.3378 and beyond Rs.3410. RSI is also supporting the move as it pops above 65. The risk starts below Rs.3290. The risk-reward is favorable.

Siemens recruits artificial intelligence expert from Amazon

In 2023, Siemens unveiled a partnership with Microsoft to use artificial intelligence to increase productivity and human-machine collaboration in the manufacturing, transportation and healthcare industries. The project will create AI copilots to assist staff at customer companies as they design new products, and organise production and maintenance. Siemens has recruited Amazon executive Vasi Philomin to its new position of head of data and artificial intelligence, the German technology company said on Monday.

The move is the latest step by Siemens as it seeks to develop AI products and applications like its Industrial Copilot.

Siemens has been aiming to accelerate its transition to a technology-focussed company, with AI seen as a key area along with industrial software.

The project will create AI copilots to assist staff at customer companies as they design new products, and organise production and maintenance.

Siemens said it was delighted to welcome Philomin, who had extensive experience in machine learning and industrial scale AI applications at Amazon. With his outstanding AI expertise and proven leadership in developing transformative technologies, he could make a decisive contribution to further expanding our data and AI capabilities.